Thursday, February 18, 2010
$6,500 Tax Credit
Many people have been wondering how they are going to be able to afford a home. The Homebuyer Tax Credit might be able to help you get into a home. If you are a first-time homebuyers, or someone who hasn’t owned in the past three years, you can receive up to $8,000 in tax credit. You could get a $6,500 Tax Credit if you have lived in a current home consecutively for 5 of the past 8 years. This is great news for people looking to purchase a home. All qualified homebuyers are urged to act and get their written, binding contract by April 30, 2010. The income limits are now $125,000 for singles and $225,000 for married couples. The limitation on cost of the home purchased is $800,000. This is a great opportunity that you should act on quickly. You might not get another chance to get this great tax credit. You should contact Coldwell Banker if you have any questions concerning the Homebuyer Tax Credit. You can get a lot of good information about it directly from their website. So what are you waiting for? If you have been waiting for that tax break, this is your opportunity. You need to act before April 30th.